Credit Suisse Group set a $22.00 target price on Switch (NYSE:SWCH) in a research note issued to investors on Wednesday morning. The brokerage currently has a buy rating on the stock.

Several other brokerages have also issued reports on SWCH. Raymond James Financial started coverage on shares of Switch in a report on Tuesday, October 31st. They set a market perform rating on the stock. BTIG Research started coverage on shares of Switch in a report on Tuesday, October 31st. They set a buy rating and a $22.00 price target on the stock. William Blair started coverage on shares of Switch in a report on Tuesday, October 31st. They set an outperform rating on the stock. BMO Capital Markets started coverage on shares of Switch in a report on Tuesday, October 31st. They set an outperform rating and a $23.00 price target on the stock. Finally, Citigroup started coverage on shares of Switch in a report on Tuesday, October 31st. They set a neutral rating and a $22.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $21.83.

Switch (NYSE:SWCH) opened at $16.74 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.18. Switch has a 1-year low of $15.77 and a 1-year high of $24.90.

Switch (NYSE:SWCH) last released its earnings results on Monday, November 13th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The firm had revenue of $97.70 million during the quarter, compared to the consensus estimate of $95.81 million. Switch’s quarterly revenue was up 19.6% on a year-over-year basis. research analysts expect that Switch will post 0.02 EPS for the current year.

The business also recently declared a special dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were issued a dividend of $0.014 per share. The ex-dividend date was Friday, December 15th.

A hedge fund recently bought a new stake in Switch stock. Schwab Charles Investment Management Inc. bought a new position in shares of Switch Inc (NYSE:SWCH) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 81,669 shares of the company’s stock, valued at approximately $1,486,000.

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About Switch

Switch, Inc is a technology infrastructure company. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services, and content ecosystems. The Company designs, constructs and operates hyperscale data centers that address the growing challenges facing the data center industry.

Analyst Recommendations for Switch (NYSE:SWCH)

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